The Church of England Pension Board (CEPB) and Dutch asset manager Robeco arrived at different voting decisions on a proposal asking Shell to establish Paris-aligned climate targets, despite the pair co-leading engagement on the European oil major for Climate Action 100+.

In the wake of Shell’s recent 2050 net-zero “ambition”, CEPB publicly announced that it would not support the proposal, filed by campaign group Follow This, this year, describing it as unnecessary in light of the company's “substantial” announcement. 

Robeco, by contrast, abstained from the vote, as did giant Dutch fund manager APG, which also supports the engagement with Shell as part of CA100+.

The Follow This proposal, which calls for Paris-aligned climate targets covering…